Logistics sector gets infra status

The government on Monday granted infrastructure status to the logistics sector to make it easy to for the sector to raise domestic and overseas funds.

"The need for integrated logistics sector development has been felt for quite some time in view of the fact that the logistics cost in India is very high, compared to developed countries. High logistics cost reduces the competitiveness of Indian goods both in domestic as well as export market," the Finance Ministry said.

It has also created a secretary-level post in the Commerce Ministry to coordinate with all ministries.

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